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Meesho shares have surged to a new record high, gaining 110% since their IPO. The company's market capitalization now exceeds Rs 1 lakh crore. International brokerage UBS initiated coverage with a Buy rating, predicting strong growth in Net Merchandise Value. This rally follows a successful IPO that saw significant demand from investors.
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News and Media
Dubai and Abu Dhabi are emerging as prime global wealth hubs for Indians, attracting high-net-worth individuals with their favourable tax regimes, robust business environments, and high-quality lifestyle. Seamless connectivity, a strong Indian diaspora, and attractive residency pathways like the Golden Visa are key drivers for this migration and investment trend.
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Fed Governor Christopher Waller, on the short list to succeed Chair Jerome Powell next year and scheduled to be interviewed for the job by U.S. President Donald Trump later in the day, said he would "absolutely" defend the central bank's independence if it were challenged.
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As per the corporate filings, the company will issue one fully paid-up bonus equity share of face value Rs 10 for every one existing fully paid-up equity share of Rs 10 held by shareholders as on the record date.
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News and Media
The yen trimmed losses from the previous session as the Bank of Japan starts a two-day meeting that is expected to result in a hike in policy rates to a three-decade high.
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News and Media